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for tax reform, grover norquist. he is the person who got some members of congress to sign a pledge to not sign taxes. a number of republicans said they are willing to vote for a tax increase. this is just under an hour. >> thank you for coming out. two weeks in a row, thank you very much for coming out and we will have another one next wednesday and we appreciate you being here. grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to
>> what i can confirm is that 45 p. the top rate of tax will be higher under this government than any of the 13 years of the last government. that is the fact. that's the richest in the country will be paying more in terms of income tax in every of this government than in any year of that government. .. was investing eight hundred million pounds, an excellent eight hundred million pounds to combat tax avoidance. there was no such investment taking place with 15% cut in the budget. is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is
's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that wo
of americans for tax reform, talked about the so- called fiscal cliff and the upcoming tax bills in congress. he will also talk about the 2012 election and recent meetings at the white house between congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened t
and tax increases that will take place if lawmakers fail to reach a deal before the end of this year. since president obama's reelection, democrats and republicans have staked out their positions on how to resolve this potential crisis. the president wants higher taxes on the rich, specifically over one half trillion over the next decade. >> what i'm concerned about is not finding ourselves in a situation where the wealthy are not pay more or are paying as much as they should. middle-class families making a difference. lou: house speaker john baena says new revenue should be raised through tax reform, not raising taxes. >> we have talked about this for every year. you can lose all kinds of limitation in doubt. the specifics at this point, would not be conducive to try to come to agree with the white house. lou: who blinks first? we take all that up here tonight. how can the republican party broadened its base following governor romney's defeat? we will be talking with the author of the best-selling book the amateur and former senior staff member and president george w. bush administr
back to work but the clock is ticking. unless lawmakers make a deal, automatic spending cuts and tax increases are just a matter of only a few weeks away for everyone. i'll ask a top member of the republican leadership if there's any room for serious compromise. >>> and if you own a home, deductions that save you money every year could be changing or simply going away. we're taking a closer look. >>> and ballpoint pens that hide poison needles and poison bullets. they sound like props in a cold war era spy movie. but they're part of a real assassination plot. we have details. i'm wolf blitzer. you're in "the situation room." >>> we're just 36 days away from the painful across-the-board spending cuts and tax increases people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected
republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protecti
sales tax. now a move to close the loopholes that are costing states millions. plus at least when people shop online this doesn't happen. [oh] >> shepard: tonight, the brawl at the mall. a jury cleared casey anthony of murdering her little girl. >> we, the jury, find the defendant not guilty. >> shepard: now some potentially explosive evidence about a computer search somebody did on the day little caylee disappeared. and this was no ordinary parade can a gety. >> snn colon and then a number. >> shepard: shredded police documents apparently reigning down on the thanksgiving day crowd. >> i didn't know what to make of all of this information. >> tonight, investigation and police respond. but first from fox this monday night, some republicans are now saying they are willing to break their no tax hikes pledge to keep us all from going right over the fiscal cliff at the end of the year. it's pretty new and that's when pretty much everybody's taxes will go up if congress and the president can't cut a deal. g.o.p. leaders insist they still do not want to raise tax rates. instead, they say they
and tax hikes. well, now the white house releasing a new report building its case for a middle class tax cut. this comes as a national poll finds that 2/3 of americans surveyed believe politicians will act like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budg
, to a courthouse in ap mat tax and 1600 pennsylvania avenue, h.w. brands on the life of ulysses grant, thursday night at 10:15 eastern, part of booktv's four-day holiday weekend starting this thursday on c-span2. >> the name of this place still resonates with a shuddering in the hearts of the american people. more than any other name connected to the civil war except lincolns, gettysburg reverberates. americans retain the knowledge that what happened here was the crux of our terrible national trial, and even americans who aren't sure precisely what transpired on these fields know all the glory and tragedy we associate with the civil war resides most indelibly here. >> thursday night at 8 eastern lincoln director steven spielberg on the battle of getties berg and abraham lincoln's legacy, part of a four-day holiday weekend beginning thursday on c-span3's american history tv. >>> up next, a group of obama biographers discuss the president and his experiences from his first term in office. participants include authors ron suskind, david maraniss and jonathan alter. this discussion was part of the
are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >>
young people with direct support financially for the enterprise, or with privilege and taxes. those are the two possibilities, but we should do it. the fight against unemployment, in my eyes, is the highest priority for the european union, or must be the highest priority for the european union. the international labor organization spoke about the lost generation in such countries. to lose a whole generation from a society is to destroy democracy. therefore, if there are not direct places for young people, we must intervene directly from the state level to support those enterprises to employ young people. i could tell a lot more, but i was asked to do it shorter. both sides have a lot of economic and political problems, but we are solving the problems. we must solve our economic and political problems and cooperate, and it is possible. perhaps one problem is the lack of cooperation between the united states and the european union. to solve the problems we have, one step is to cooperate more. gender equality, the european parliament is one of the strongest fighters in the world for ge
for a package that includes tax rate increases for the wealthy. not to be outdone speaker boehner announced that house republicans would be making similar appearances across the country, going to small businesses to speak about the "threat to jobs posed by congressional democrats" small business tax hike. while members of congress plan to take their case to the american people, the afl-cio is planning to take the american people to members of congress sending 33 local union leaders to capitol hill to push members of congress to let the bush tax cuts expire and leave social security untouched. one positive to emerge from negotiations so far has been that for the first time in recent memory, republicans have expressed an openness to increased revenues which means the choke hold grover norquist and his tax pledge held on republicans may be loosening. frank bruni thinks republicans devolved into dummies and nor west was their ventriloquist. not everyone saw norquist as the cause of the problem. defending him truth is that
passed two-and-a-half years ago, and it starts to unfold this january with new taxes. then insurance exchanges up and ready in october 2013. analysts, however, say the federal government is struggling in part because of the way the bill was thrown together. >> it was put together by a bunch of special interests, and that's why you get this rube goldberg contraption, we're having all these problems. >> reporter: now, just before thanksgiving the administration finally laid out what is called essential benefits which insurance companies need to structure and price their health care plans. but the administration is pressing its luck, because insurance companies usually need much more time than they have now. >> well, it typically takes anywhere from a year to a year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> reporter: requirements of the law still have not been completed. businesses of a certain size, for instance, have to have what is called adequate coverage in order to
, is on middle class taxes. and as i've said before, we've got two choices. if congress does nothing, every family in america ll see their tacks automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle class family of four would see its income taxes go up by $2200. $2200 out of people's pockets. that means less money for buying grocery, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle class families just can't afford that right now. by the way, businesses can't afford it either. yesterday i sat down with some small business owners who stressed this point. economists predict that if taxes go up on the middle class next year, consumers will spend nearly $200 billion lesson things like cars and clothes and furniture and that obviously means fewer customers, that cuts into business profits, that makes businesses less likely to invest and higher which means fewer jobs and that can drag our entire economy down. now
to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence information, talking points where references to al queda had been taken out according to sources and attacked ch
to leave the agency. with the content congressional negotiations are the sequester and tax cuts to expire at the end of the year, tonight and prime time, focusing on the beginnings of the debt of the debate on the national debt. c-span will go back to august of last year to review some of the debate and is congress is from congress and the white house to run in the passage of the budget control act. the law created the automatic spending cuts to take effect in january along with some expiring tax revisions as part of the so- called fiscal cliff. it airs tonight it it o'clock eastern-- a o'clock here on c-span. >> in january, our first week we were sworn into office, the president ask for an increase in the debt ceiling. i made clear at that time there would be no increase in the debt ceiling without significant cuts in spending and changes to the way we spend the american people's money. shortly after that, i was in new york and gave a speech and outlined i thought the spending cuts should exceed the amount of debt limit increase and there should be no taxes as part of this agreement. whe
're having today. >> maybe that will be an opportunity to increase the federal gasoline tax even if we go -- don't go to a full carbon tax, it will produce a lot of revenue with 50 cents per gallon federal tax. >> the only problem from a climate perspective, it is a small share of the problem. the problem is really in the energy sector a without a carbon tax you are not directly getting back.t >> >> i think you can design one such way that does not cause too much harm for american industries that compete with folks abroad. consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a variety of tax and exclusions and deductions that are scaled back modestly and that's about i
cliff, i was wondering about maybe raising taxes. q. what are they planning on cutting? i live paycheck to paycheck. i was curious as to what people are planning on cutting instead of just raising taxes? host: you said you are living paycheck to paycheck. are you doing anything to prepare in case the u.s. goes off the fiscal cliff? caller: just try to work to make a living. this economy is not helping much. host: thank you. today's wall street journal talks a little bit about the impact of going off the fiscal cliff in this chart -- we will take you through few more those scenarios throughout the show. but we want to go to jeff from texas, the independent line. your confidence in the u.s. economy as we are approaching this fiscal cliff. caller: yes, thank you. i don't see much confidence. i don't see the fiscal cliff as the big problem. the problem is the federal reserve monetary policy. the idea that the weekend keep printing money and borrowing money and expect the government to carry everything. we are buying up all these bonds and keeping interest rates so low. politicians from both
. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of gains. and black friday consumer spending was down as well. now let's bring in t number one senator dick durbin and top republican lindsey graham. senator, welcome in. senator, let me begin with you. you see those markets going up in anticipation of a deal, are they right to be optimistic? >> they should be optimistic because we can solve this problem. unfortunately, for the last ten days with the house and congress gone for the thanksgiving recess, much progress hasn't been made, but tomorrow there's no excuse. we're back in down. george, we're back to basic. the house of representatives have a bipartisan bill passed by senate that will spare 98% of taxpayers from income tax raises. and 97% of businesses. it's a bipartisanship bill that the house should pass to make sure that we go for
to revisit this. taxing legislation has to come through the house of representatives. so there's john boehner's mandate. >> now, donna, there's another quote from that article in the cincinnati inquirer i want to show and ask you about. he said in it there are essentially three major routes to repeal the president's law, the court of congressional process, with those routes coming up short, the third and final one becomes more important than ever. do you think that's the message of the last election to try to essentially repeal obama care by investigation? >> no. that's not the message. i understand that speaker boehner is still trying to pander to those who lost the election, but the truth is is that two-thirds of this law is already being implemented across the country. some of the most important provisions are about to be implemented in 2013. and of course 2014 when the state exchanges come into play. i think it's important to focus on implementing this law to ensure that we get the kind of quality care, you know, that all americans deserve. and the fact we're trying to insure millions of
for states because, of course, you have to pay taxes on any of your winnings. so with the lot he commission increasing the price was generate revenue. they did and wow they will with this jackpot of $500 million. >> alison, did you buy a ticket? >> reporter: oh, no, i have no problem admitting it. i will go ahead and buy a few tickets of my own. >> good luck to you. thank you. we'll talk to you soon. >>> the other big story this morning, if at once you don't succeed, try, try again. susan rice, the u.n. ambassador returns for a second round of meeting with republican senators. rice failed to win over her sharpest gop critics yesterday still troubled about her comments following the u.s. attack in the u.s. consulate in benghazi that spring from a protest. she told "ac 360" that rice misled the american public. >> she would say that. she would have to say that because she began our meeting today admitting the representations of the video and the protests were wrong. and the impression left the american people misleading. >> senators graham and mccain are now more concerned than before they me
online or at a bank of america near you. >> brian: eliminating certain tax deductions stop merrence from can falling off the fiscal cliff. president obama seems reluctant. >> it is difficult to see how you make up trillion just by closing loop holes and deductions. the math tends not to work. >> when it comes to taxes, republicans and democrats agree that the current federal tax code is broken and both sides recognize the importance of closing aggregious tax loop hole that is pick winners and losers. tax reform that eliminates tax wasteful preferences to generate revenue will bring efficienciy to the tax system. >> brian: who has the right approach. james freeman. james, i like deadlines and. >> it makes the mind. >> brian: find a cure. president wants to raise upward 35 to 39 percent and republicans say cap the deductions is better? >> clearly if you could simplify the tax code and get rid of deductions without raising rates on investment in particular that is the least economically detructive way to get more money. >> brian: if you cap at $50,000. and you make two million and you choos
. if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping new powers for himself. ordering egyptian court not to overturn any de
of millions of new jobs. millions of billions of dollars in tax revenue and make us more secure and less reliance on outsiders. it was about promoting energy. host: do you support mitt romney's bid? guest: we do not support anyone in particular at all. -- he has spoken about raising taxes sent into action. reading the best approach is to allow the developing energy resources, and from that developed vast amounts of revenue to the government. people did not realize that the industry contributed $86 million a day to the federal government. the best approach here is, let us develop the united states resources, put our people to work, create more taxpayers and in the course of that coming generate billions in need, to create trillions by 2025. that is the right policy approach. not single out an industry for punitive treatment. we pay not only our fair share, we pay more than our fair share. host: the process of extracting that natural-gas, fracking. what regulations are coming from this administration? guest: what has made it possible for us to talk about energy security -- by 2020, if we p
of legislation or tax code reform or you name it, what ever the issue is? or is this strictly a candidate- driven phenomenon? >> i do not know. i think it will probably be -- somebody can write a $20 million check on every issue they choose. that is the world we are living in. they can write a check for an issue campaign. they can write a check to bribe -- tried to buy a governor's race. bacon ready check to try to control congress. the poisonous than for our country. in mitt romney's campan, the central actor was not the romney campaign but the super pac's. in our campaign it was the obama campaign. may be the last presidential campaign to be able to say that. >> request and from a student? >> given how unpopular the super pac's are, is there any possibility they might be able to produce some kind of way of stopping money in the future sunday? >> given how unpopular the super pac's are -- i am not sure about that promise, you can talk about that, is there any way to stop them? >> i think we had a 30-ar campaign finance regime in the country that has tried to characterize political money into cat
it so far. the impasse is over raising tax rates on upper bracket income earners. republicans say they're willing to consider a tax hike but they want larger cuts made to benefit programs. the small business leaders came to avoid the cliff and tax hike on the middle class. on friday he's off to philadelphia where he will make a public case for his strategy and two gop leaders. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail. >> the election was conclusive in terms of which path the majority of the american people want to take. >> house republicans are also planning to hold events in the coming weeks with small business owners to highlight the effects the tax increase could have on them and their likelihood. how does the fiscal cliff impact california? larry, a lot of talk on how it will impact high earners. a lot of middle income class folks could feel it as well. >> if we go over the fiscal cliff, we're going to suffer as much as anyone else. that in itself is a distressing combination. of 2 million jobs lost nat
automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, t
that the election is over hopefully we'll have a moment in washington where the leaders come together and on tax reform and education and immigration and fiscal policy, now that we're no longer the issue of we have a reelection, that's done. barack obama has run his last campaign and you have divided government. i think the mandate the american people was sending is work together. focus on us not what divides you as politicians, focus on us. and i don't offer misplaced optimism often. because in washington you can get pessimistic quick. but i do have confidence there is path way on tax reform, on continued education reform, on doing some smart things around energy. and that's the test of the ment and the leaders in the senate and houses. can they come together post election. and for a period of time put your needs and the needs of the country first. and i have a great deal of confidence we'll do that. so i look forward to talking to you about the election that just happened. [applause] >> thank you for having me back. it's great to be back at the university of delaware and thank you for coming.
with the tax dropping 22% interval -- attacks dropping 22% in kabul. these signs of progress are real, and so are the challenges that remain. this is an insurgency that is resilient, and they will do everything they can to project an appearance of strength to the international community. the taliban claims responsibility for the troubling lies and insider attacks. they have launched a high- profile attacks, and they will continue to do that, but in the face of these tactics, they have been able to maintain strong international community and a strong commitment to finish the job. as the insurgency has been rolled back, we have vastly improved the capabilities of the afghan national security forces to maintain these gains after most of the international forces will have departed. every day, every week, every month, afghan forces are shouldering more of the burden. 2011 i believe marked an important turning point because we were able to see afghan forces become operational and take charge of security. in 2012 that process took firm hold across the country. the transition is now well under way. w
with sharp tax increases by law they take effect automatically and many experts fear will throw the u.s. economy back into a recession. both congress and the white house are trying to make a deficit reduction deal to avoid the financial chaos. and president obama's reverting to some campaign mode right now to try to make sure things are done his way. our white house correspondent dan lothian is joining us now with new information. what are you learning, dan? >> reporter: well, wolf, while senior members of the administration including secretary geithner, chief of staff jack lou also top advisor meeting with -- the president himself trying to sell his vision to the public, but some say it's not a winning strategy. it doesn't take a gps to find the way to the fiscal cliff. much more difficult, finding the off ramp. at the president's first meeting with congressional leaders more than a week ago, there was a sense of optimism. >> my hope is is that this is going to be the beginning of a fruitful process. >> reporter: there was a follow-up phone call with house speaker john boehner, but a
for the combination of spending cuts and tax cut eliminations set to hit at the start of the new year. the president has been pushing congress to preserve the bush era tax rates for the middle class but let them expire for american whose make more than $250,000 a year. republicans have called for democrats to agree to serious cuts in entitlements and a number of g.o.p. lawmakers have said they are ready to put new revenue on the table. mostly through lowing loopholes. and now from capitol hill, the solution needs to "all of the above approach." >>guest: two former republican congressman wrote in the "wall street journal" when you consider all the federal government liabilities, our debt is more like $8.6 trillion every day you have the baby boomers retiring and meeting the benefits so a key senate republican says entitlements must be part of the negotiations if you solve the problem, there is no question you are going to need some revenue but you can take all the revenue and it would not solve the problem. so, the real answer is, we have a demographic shift that is coming into entitlement programs t
season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to seek permission for this. now, stow who continues to receive around-the-clock rehabilitation treatment,
the tax bills they are getting would benefit as well from something of a triage of the programs in the department of defense. we should ask the secretary of defense and the people who work with these programs to examine which programs in d.o.d. are the must haves, which are absolutely vital to our national security, and which programs are the need-to-have, the programs that might place our national security at some level of risk if they were to be altered and modified, and then also to have some painful examinations of programs that might be called the nice-to-haves, those that are essentially ancillary to the harder definitions of national security, even though they have been supported. and i would say that these -- the costly biofuels programs in the sense that we are proposing to fund them in the operational environment at this time would have to qualify as a nice-to-have. that does not mean that we should eliminate the biofuels. there is money in r&d to continue to examine them. but i tell you, mr. president, what a must have is. a must have is our ship-building program. whe
unpaid for wars and two unpaid for tax cuts that disproportionately benefited the wealthy. and wall street gone wild that led to the worst recession since the great depression. our budget should not be balanced on the backs of vulnerable americans, including women and children. and funding programs that assist vulnerable women and children have already experienced serious cuts in recent years and we shouldn't be asking more from these safety net programs. we also want to ensure that we don't replace sequestration, these automatic cuts that will go into place, with something even worse. some alternatives are being considered that would actually do even more harm than sequestration to women and children. and although medicaid beneficiaries are protected under sequestration, some proposals would make cuts and/or change medicaid into a block grant. that means giving just a sum of money to the states, pretty much to do what they want with, and not necessarily covering the children and poor people, poor families that need medicaid support. in the united states of america, medicaid covers
governments. in response to a large and sustained decline in their tax revenues, state and local governments had cut about 600,000 jobs since the third quarter of 2008 while reducing real expenditures for infrastructure projects by about 20%. more recently, the situation has to some extent reversed. the drag on economic growth for state and local fiscal policy has diminished as revenues have improved and pressures have eased for further spending cuts or tax increases. in contrast, programs have led federal fiscal policy to begin restraining gdp growth. indeed, almost any -- under almost any plausible scenario the drag next year from federal fiscal policy on gdp growth will outweigh the positive effect on growth from fiscal expansion at the state and local level. however, the overall effect of the federal fiscal policy on the economy in the near term and the longer run remains quite uncertain and depends on how policy makers meet two daunting fiscal challenges. one by the start of the new year, and the other by no later than the spring. what are these women challenges? first, -- i do mean the
will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher education standards in the u.s. deliv
of concern about the fiscal cliff and the possibility of tax increases and cuts to government spending. host: when you look at consumer confidence and sentiment, what factors are in play? guest: a lot of times it has to do with how they feel about their own personal fan -- finances and how they feel about the job market and the prospects of finding employment or losing employment. there is a lot of concern still about the high unemployment levels but the idea that the housing market is improving and the idea that there are a lot more employers that are willing to slowly higher at this point seems to be reassuring consumers that there is some hope for the economy host: does consumer confidence have an influence on holiday spending? guest: it does to some extent. when consumers feel most constrained by their own finances, they are not willing to spend as much. a number of reports coming out in the last couple of weeks showed that despite concerns about the fiscal cliff, people are willing to spend about the same amount of money they wanted to spend last year host: this is from "the washington
and colorado, wind energy tax credit. there was an issue that was important in both of those states. obviously models, jobs, the president jobs plan. and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. i think a lot of the youth of voters have said repeatedly this is an issue they want addressed moving forward. it needs to be addressed and, from an economic standpoint and for the future of the country. >> you think the president will do something dramatic? >> he has a plan to move forward. >> is the new democratic movement dead or no longer relevant? >> i think that our party has always been the big party and we have different views and that is healthy. that is exactly why i believe i am a democrat. i believe our vision of the country has a lot of people working across
% of the american public should have tax relief and the democrats, the republicans, the president and house and senators agree on that. it's the 2% that we don't agree on. the republicans could hold up tax relief for 98% of americans because of the desire to give the 2% who have enjoyed immense wealth more tax advantages. i think the public also needs to know that what's happening in the congo and goem a is a humanitarian crisis, almost at the epic point and one of the most desperate places in the world and these people who are in camps have been dispossessed and on the road and great death and disease there. we need to contribute to the red cross and to others to help the people there. in the eastern congo and that the grizzlies are the best team in basketball. they're a grit and grind and america's team. >> you really touched all the bases there. katrina. >> people need to know that we have come one step closer to ending the ineffective irrational and inhumane drug wars with the initiatives that passed in washington and colorado on november 6th. this is an opening for the president to ins
is that 98% of the american should have tax relief and democrats and republicans, the president and house and senate agree on that. it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know that what's happening in the congo is a humanitarian crisis, almost going to be at the tipping point and it's one of the most desperate places in the world and these people in camps are on the road and there will be great death and disease there and we need to contribute to the red cross and others to help the people in goma and in the eastern congo and that the grizzlies are the best team in basketball. >> you really touched all the bases there. katrina? >> people need to know we have come one step closer to ending the ineffective and inhumane drug wars in this country with the initiatives that passed in washington and colorado on november 6. al also, the war on drugs affects disproportionately african-americans and latinos and it's failed. >> what they're setting up there, the regulatory system -- >> people should know as
. not just the missile crisis, but everything he does. tax policy, civil rights, constantly thinking how is this going to play out? how is this going to look? would carefully draw the distinction between not in partisan politics in a superficial sense. are you arguing the book i do not believe he was partisan in a superficial sense that we like to talk about those a political decision, things like that. a lot of the time we made that very superficially. but in a much deeper way, he was absolutely aware of political ramifications. he was very careful to birthrate is and osan hauer, who was once a leading republican figures given special briefings. caught him up on the telephone enhances reporting this. he was sending john mckeown, ca director of intelligence, who is very tight in republican party politics. he was sent in to brief eisenhower. whenever he was briefing congressional leaders, it was a bipartisan affair. he was not getting democrat leaders information. said he was careful to be bipartisan in his political awareness. >> i have to say in the transcript of the october 27 discussi
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